Wednesday, May 14, 2014

USA, Idaho:

U.S. Geothermal Inc. Reports First Quarter 2014 Results, Confirms 2014 Guidance (News Release)

U.S. Geothermal Inc. announced today its financial and operating results for the first 3 months ending March 31, 2014, and confirmed guidance for 2014, along with notable achievements for the quarter.

Highlights include:

  • Generated fleet wide total 98,884 megawatt-hours in the First Quarter of 2014, as compared to 85,040 megawatt-hours during the same period in 2013
  • Delivered First Quarter average availabilities for each plant as follows: Raft River - 99.5%, San Emidio - 99.6%, Neal Hot Springs - 97.7%
  • Completed drilling of 9 temperature gradient wells at the El Ceibillo project in Guatemala
  • Applied for drilling permits from the US Bureau of Land Management for development of the San Emidio II project
  • Finalized the partnership interest at the Neal Hot Springs project with U.S. Geothermal owning 60% and Enbridge having 40% ownership of the partnership

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